Kofax, a supplier of intelligent automation software for digital workflow transformation and backed by TA Associates and Clearlake Capital Group, has acquired Ephesoft.
The deal is intended to enhance Kofax’s intelligent document processing services and go-to-market channels. The combined firm will provide organizations with value-add services to accelerate deployments.
“The combination of Kofax and Ephesoft reinforces our growth vision for Kofax and brings together experience and product capabilities within the intelligent document processing industry, to provide a more comprehensive set of software solutions to the combined company’s customers,” said Paul Huber, managing director, and Erik Hansen, vice president, of Clearlake. “We have seen first-hand how the pandemic and corresponding dislocation has caused enterprises to re-evaluate manual workflows, and we believe that the trends underlying the transformation towards digital workflows are long-term. This partnership represents an important milestone as we continue in our mission to position Kofax at the forefront of addressing these trends.”